IPC Systems to get new debt for buyout by Centerbridge Partners

By Sara Rosenberg

New York, Dec. 2 – IPC Systems Inc. plans on getting debt financing to help fund its acquisition by Centerbridge Partners LP from Silver Lake Partners for about $1.2 billion, according to a news release.

Barclays and Credit Suisse Securities (USA) LLC are leading the debt.

Closing is expected in January, subject to customary conditions and approvals.

IPC is a Jersey City, N.J.-based provider of mission-critical network services and trading communication technology to the financial markets community.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.